Markets

IDC Recommends Open Offer for Rekvina Laboratories Ltd as Fair and Reasonable The Committee of Independent Directors (IDC) of Rekvina Laboratories Limited has concluded its review of the open offer made by three acquirers, deeming the offer price fair and reasonable. The recommendation was made following the meeting held on June 24, 2026, concerning the acquisition of a portion of the company's equity shares.The IDC members unanimously approved their recommendations regarding the Open Offer. The offer involves Surbhit Mukesh Shah, Amit Mukesh Shah, and Dhruvalkumar Patel (collectively the Acquirers), who intend to acquire up to 28,90,100 Equity Shares of Rekvina Laboratories Limited.The committee stated that the Offer Price of ₹10...

Timescan Logistics Board Approves Formation of Subsidiary in Indonesia for Expansion Timescan Logistics (India) Limited has approved a proposal to form a subsidiary company in Indonesia, signaling an international expansion into logistics and allied services. The decision was made by the Company's Board of Directors on June 24, 2026.The proposed transaction involves the establishment of the Indonesian entity under a majority stake held by Timescan Logistics.Key details regarding the new subsidiary include:Country of Incorporation: Indonesia Shareholding: The Company plans to hold a 95% shareholding in the new entity. Nature of Business: The subsidiary will operate in logistics and allied services, mirroring the business scope of...

HCLFoundation and Pearson Launch Discovery Science Center in Bengaluru for STEM Education HCLFoundation, the corporate social responsibility entity of global technology company HCLTech, and Pearson have launched a new Discovery Science Center in Bengaluru. The initiative aims to provide underserved students with hands-on access to science and technology learning experiences through a dedicated Science, Technology, Engineering and Mathematics (STEM) lab.The newly established Discovery Science Center is designed to equip underprivileged students with critical thinking, creativity, and innovation skills. The center will deliver immersive, application based learning experiences, supported by year round interventions such as workshops...

Promoter Acquires Equity Shares of Mahendra Realtors & Infrastructure Limited Mahendra Realtors & Infrastructure Limited, formerly known as Mahendra Realtors & Infrastructure Private Limited, has disclosed details regarding the acquisition of equity shares by its promoter, Hemanshu Shah.The disclosure concerns the acquisition of 15,000 equity shares of the company by Hemanshu Shah, who is a Managing Director and Promoter of Mahendra Realtors & Infrastructure Limited.In addition to the insider trading related to the stock, the company also shared market specifications concerning its derivatives contracts on the National Stock Exchange (NSE).Market details pertaining to the derivatives transactions are as follows:Contract...

Kanungo Financiers Board Meeting Set for June 29 to Review Capital Changes and Acquisition Proposal Kanungo Financiers Ltd has scheduled a meeting of its Board of Directors for June 29, 2026, to consider several critical proposals related to the company's capital structure, lending limits, and potential investment opportunities.The board meeting is set to deliberate on matters including altering the Memorandum of Association. The agenda includes approving the proposal for an increase in authorized capital or changes to the object clause of the memorandum, pending subsequent approval by members in a general meeting.Key financial approvals scheduled for discussion include increasing the limit for granting loans and making investments...

Time Securities Services Acquires Shares in Time Technoplast Ltd: Promoter Group Stake Remains Steady at 47.56% Time Securities Services Limited completed the purchase of equity shares in Time Technoplast Limited as part of an inter-se transfer among promoter groups. The acquisition was carried out on June 23, 2026.The transaction involved Time Securities Services Limited acquiring 10,00,000 equity shares of Time Technoplast Limited through the open market. These shares were acquired at an average price of Rs. 178.02 per share.According to details of the inter-se transfer between members of the promoter/promoter group, the acquisition represents a 0.20% stake in the company's total diluted share/voting capital.The transaction was...

Bodhi Tree Multimedia Secures Strategic Mandate from Assam Government for State's Digital Content Platform Bodhi Tree Multimedia Ltd., a leading content and digital entertainment company, has secured a strategic mandate from the Government of Assam. The project involves the development, launch, and long-term management of the state’s official digital content platform. This engagement marks a major milestone in the Company’s evolution beyond traditional content production into technology-enabled media infrastructure.The mandate positions Bodhi Tree Multimedia at the intersection of regional content economies and government initiatives focused on cultural digitization. The resulting platform is intended to serve as Assam's dedicated...

Starlineps Enterprises Acquires Commercial Property in Surat for Rs 55 Lakhs Starlineps Enterprises Limited has successfully executed an agreement to acquire commercial property located in Piplod, Surat, Gujarat. The transaction was finalized on June 24, 2026.The company entered into the purchase agreement with H.R. Heights (Partnership Firm) for a commercial property situated at Office No. 801, Solaris Bay View, Piplod, Surat - 395007, Gujarat. The size of the acquisition, as detailed in the agreement, amounts to Rs 55,50,000/- (Rupees Fifty-Five Lakhs Fifty Thousand).The transaction involves Starlineps Enterprises acquiring a commercial space for its operational use. Key details regarding the purchase include...

Krishana Phoschem Limited Announces Stock Split of Equity Shares Krishana Phoschem Limited has announced a significant change in its equity structure following a Board meeting held on June 24, 2026. The company resolved to implement a sub-division or split of its existing fully paid up equity shares.The board meeting determined the specifics of the share restructuring, setting Friday, July 3, 2026 as the official Record Date for this transaction. This action involves splitting one Equity Share with a face value of Rs 10 into five Equity Shares, each carrying a face value of Rs 2.This move adjusts the existing equity structure of Krishana Phoschem Limited. The details of the split and the relevant dates are summarized below...

EMA Partners India Acquires Taggd in Move to Build Integrated Talent Solutions Platform Mumbai, 24 June 2026: EMA Partners India Limited, a leading firm specializing in executive search and leadership advisory, has announced the acquisition of Talent Hired - The Job Store Private Limited ("Taggd"). This strategic transaction marks a major expansion for EMA Partners, positioning it to become one of India's largest integrated talent solutions platforms.The all-cash acquisition of Taggd, India's leading homegrown Recruitment Process Outsourcing (RPO) services provider, was valued at INR 95 crore. The deal combines two highly complementary businesses within the talent acquisition ecosystem. EMA Partners is recognized for its expertise in...

Services Production Index Launch: MoSPI Introduces New High-Frequency Indicator to Monitor Economic Growth of Dominant Sector The Ministry of Statistics and Programme Implementation (MoSPI) is poised to launch the Index of Services Production (ISP), a critical new macro indicator. ISP is designed to measure short-term changes in the output volume of the services sector. It will serve as the counterpart to the Gross Domestic Product (GDP)-related Industrial Production Index (IIP).This monthly indicator aims to provide high frequency data on service performance, strengthening the statistical framework supporting national policy decisions. The ISP focuses specifically on the formal services sector.Addressing the Rise of the Services...

Arvind Smartspaces Upgraded to AA-/Stable by India Ratings Following Sustained Growth and Improved Credit Metrics Ahmedabad, June 24, 2026: Arvind Smartspaces Limited (ASL), the residential real estate development arm of the Lalbhai Group, has received an upgrade to 'IND AA-' from 'IND A+' by India Ratings & Research (Ind-Ra). The rating reflects the company's sustained operational improvement, stable cash flow generation, and prudent financial management following FY26 results.ASL’s performance in FY26 demonstrated significant growth across its key metrics. Pre-sales increased by approximately 22% year-on-year to INR15,500 million (up from INR12,710 million in FY25). Collections also rose notably by 16.6% year-on-year, reaching...

Harikanta Overseas Ltd States Stock Price Movement Driven By Market Conditions Harikanta Overseas Ltd has clarified its position regarding recent fluctuations in the price of its shares, stating that all material information pertaining to the company's operations and performance has been duly disclosed on public platforms.The company addressed concerns surrounding the movement in its security’s price, confirming that it adheres strictly to disclosure requirements. Harikanta Overseas Ltd asserted that all facts and events impacting the company’s operations or performance, including any price-sensitive information, have been properly disseminated via the public website of BSE.Management emphasized that the current stock price...

Promoter’s Acquisition: Arun Kumar Saraf Acquires Shares of Asian Hotels (East) Limited via Gift A consortium led by Mr. Arun Kumar Saraf is planning to acquire a stake in Asian Hotels (East) Limited through a gift transaction involving immediate family members. The proposed acquisition aims to increase the promoter group's holding in the company, with the deal scheduled for completion on or before June 30, 2026.The transaction involves Mr. Arun Kumar Saraf and associated entities acquiring shares from Mrs. Ratna Saraf. According to the details provided, the total number of equity shares proposed to be transferred is 20,26,520, representing 11.7196% of the target company's share capital. The acquisition is structured as a gift and was...

Promoter Acquires 16,000 Equity Shares in Mahendra Realtors & Infrastructure Limited Hemanshu Shah, a promoter of Mahendra Realtors & Infrastructure Limited (MRIL), has acquired 16,000 equity shares in the company. The acquisition took place on June 23, 2026, through the open market.The transaction details relate to Hemanshu Shah's shareholding in MRIL. The purchase of the equity shares brought specific changes to the company's capital structure, which were documented.The following table outlines the key details of the acquisition and the resulting capitalization status of Mahendra Realtors & Infrastructure Limited:MetricPre-Acquisition StatusPost-Acquisition StatusShares Carrying Voting Rights AcquiredN/A16,000Mode of...

Technology Powerhouse Wins NASA IT Contracts Before Planned IPO, Securing $20 Billion Opportunities US Firm Tryfacta Clinches Major Federal Tech Deals US technology solutions provider, Tryfacta, has secured two significant contracts under NASA's Solutions for Enterprise-Wide Procurement (SEWP) program. This achievement grants the company extensive access to federal IT business opportunities across various US government agencies until 2036.The contract awards are strategically important as they allow Tryfacta to compete for numerous high-value federal IT task orders through a pre-competed procurement channel. The deals cover Enterprise-Wide IT Service Solutions (Category B) and specialized IT Mission-Based Services (Category C).These...

The Federal Bank Allots Equity Shares Following Exercise of Employee Stock Option Schemes The Federal Bank Limited announced the allotment of equity shares, following the exercise of stock options under various Employee Stock Option Schemes (ESOS). These allotments were made on June 24, 2026, covering three different ESOS programs.The bank allotted a total of over four lakh five hundred shares to option grantees after they completed the payment process associated with the share exercises. The equity shares carry a face value of Rs. 2/- each across all allotments.Details regarding the allotment under the various schemes include:Scheme YearNumber of Equity Shares AllottedFace Value per ShareDate of AllotmentESOS 20104,500Rs...

Aarti Industries Ltd's Subsidiary Sells Stake in Shanti Intermediates Private Limited Aarti Industries Ltd has completed the sale of its wholly owned subsidiary, Aarti Corporate Services Limited, which disposed of its entire equity stake in Shanti Intermediates Private Limited. With the conclusion of this transaction, Shanti Intermediate Private Limited has ceased to be a step-down subsidiary of the Company.The sale was finalized on June 23, 2026. The buyers for Shanti Intermediates Private Limited were identified as Mr. Vallabh Bachubhai Trada and Ms. Rekha Vallabhbhai Trada, neither of whom belong to the Promoter group or Promoter category.Regarding the transaction details, Aarti Corporate Services Limited received a consideration...

Longspur International Ventures Ltd to Host Board Meeting for Q1 FY27 Financial Review Longspur International Ventures Ltd has announced that its Board of Directors will convene a meeting to consider and approve the company's un-audited quarterly financial results. The gathering is scheduled for Monday, July 6, 2026, at 4:00 P.M. at the Company’s Registered Office in Mumbai.The board agenda includes the approval of the Un-Audited Quarterly Financial Results for the quarter ended on June 30, 2026. Additionally, the meeting will take on record the Limited Review Report provided by the auditors regarding the financial results for the same period. The directors will also consider any other business as deemed necessary.The Company...

Promoter Sells Shares in MTAR Technologies Ltd on Open Market Akepati Praval Reddy, an individual member of the promoter group, has sold equity shares of MTAR Technologies Limited (MTARTECH) through the open market.The sale pertains to MTAR Technologies Ltd., a company whose shares are listed on both BSE Limited and National Stock Exchange of India Limited. Akepati Praval Reddy reported the disposal of 31,811 equity shares representing 0.10% of the total diluted share/voting capital of the Company (TC).Shareholding Details Before Disposal Before the transaction, the promoter group holding was as follows:Shares carrying voting rights: 2,34,900 This held 0.76% of the total shares carrying voting rights and 0.76% of the total diluted...